Yeah, I thought the same thing. This is in the same year that I was told directly by the powers that be that "there is a fixed amount of cost" that needs to be allocated to the field. We were all having flat revenue years while GP income was nearly doubling!

How about sharing some of that 3 million each with the general population and letting them share in that bigger pie Ted talked about?

Flat revenue years? What have you been doing the last 12 months? I agree they are making too much but if you were flat last year, that is your fault! It was a great year for many if not most for their own business.

No liability? How about the liability of keeping shareholders happy or meeting the street's expectations. How about meeting the Board's requirements or seeing your ass to the street. That you can even attempt to put Gorman in the same shoes as Hill is a joke not to mention the defense of the 81% pay raise they gave themselves while your firm's net revenue was up only 11%. What pay raise did they give you?

When you manage and are responsible for two of the three largest investment firms in the US, you are accountable daily to shareholders. I agree that Purcell's golden parachute was ridiculous, but come on - these guys have everyone so far up their @$$ when things aren't as positive as they could or should be it's not even funny. At Jones, you only have those in the fold that are calling for someone's head. No shareholders, no board, very little media.

They have. They will be getting a mega kickback from American Funds which is forecasted to take over the number one preferred fund spot at Jones and will bring the firm a net increase in revenue of infinity.

And Stan O'Neal made $35.2M last year. Salary of $700k, $14.1M bonus and $20.2 in restricted stock.

Gorman received stock options of $29M on top of salary to cover comp he would lose at ML. Mack will receive around $27M this year.

However, look at these numbers - MS net income was $26.8 B (13% increase, ML $26 B (18% increase) and EDJ was $3.2 B (not sure of performance to 2004). Look at the numbers comaratively:

Hill's comp = .225% of company revenueO'Neal = .135%Gorman = .108%

Based on your arguments, O'Neal and Gorman are grossly underpaid. Let's give 'em a rasie!

You have killed this thread because all the clones are thoroughly confused now. They still think Jones is either the biggest because they have the most offices, or the third biggest because of the number of reps. All this talk about company revenue makes no sense. If you cold come up with a good farm analogy you might get somewhere.

Farmer rep has 1,000 acres of land, but no equipment to work the land. Farmer Jones, the local equipment dealer trades the use of a lawn tractor, a two-row planter, and an occasional glass of John-Deere-green Kool-Aid in exchange for 62% of the crops harvested. If you do a really good job, you get a hat from Farmer Jones implement store.